Topgolf Callaway Brands (MODG) reported a Q4 non-GAAP net loss late Monday of $0.33 per diluted share, widening from a loss of $0.31 a year earlier.

Analysts polled by FactSet expected a loss of $0.40.

Net revenue for the quarter ended Dec. 31 was $924.4 million, up from $897.1 million a year earlier.

Analysts surveyed by FactSet expected $884.7 million.

For Q1, the golf equipment manufacturer expects revenue of $1.05 billion to $1.09 billion. Analysts polled by FactSet expect $1.13 billion.

For 2025, the company expects revenue of $4 billion to $4.19 billion. Analysts polled by FactSet expect $4.23 billion.